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The roles of the Shariah committee in the implementation of value-based intermediation

Hassan, Rusni and Hasan, Aznan and Itam@Ismail, Muhammad Issyam (2018) The roles of the Shariah committee in the implementation of value-based intermediation. Islamic Finance News, 15 (41). pp. 25-26.

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Abstract

As part of the eff ort to stimulate new growth in Malaysia’s Islamic fi nance industry, Bank Negara Malaysia issued the Strategy Paper on Value-Based Intermediation (VBI) which provides strategies to strengthen the roles and impact of Islamic banking institutions toward providing positive and sustainable values to the economy, community and environment. Islamic banking institutions are expected to take proactive action in adopting the VBI initiatives in their operation and business activities. The Shariah committ ee plays a vital role in ensuring that the directions taken by Islamic banking institutions in adopting the VBI initiatives are consistent with Shariah principles. The implementation of VBI will be a good platform for the Shariah committ ee to play its role in leading Islamic banking institutions toward achieving the objectives of Shariah in Islamic fi nance.

Item Type: Article (Magazine)
Additional Information: 1525/69326
Uncontrolled Keywords: value based intermediation, islamic banking, malaysia
Subjects: H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): Institute of Islamic Banking & Finance (IIiBF)
Depositing User: Dr Rusni Hassan
Date Deposited: 18 Jan 2019 10:16
Last Modified: 18 Jan 2019 10:16
URI: http://irep.iium.edu.my/id/eprint/69326

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